Macau Casino Stocks Surge on Gaming Revenue Rebound

By Ben Levisohn

New Macau gaming-revenue numbers are out–and they show a strong bounce back from the disappointing numbers released following the Chinese New Year.

Associated Press

RBC Capital Markets has the details:

Gaming revenues excluding electronic table games for the first 24 days of February increased 12.2% over the prior year. This is up nicely from the 1.8% increase in the monthly run rate realized up to the Chinese New Year holiday. Average daily win rate broke the HK$1B mark for the first time since October, coming in at HK$1.1B. While such a large increase would normally mean table win rates were abnormally high, our channel checks suggest the driver was larger than expected VIP and premium mass volumes.

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